LONDON (Alliance News) - Empiric Student Property PLC on Wednesday said Chief Executive Officer Paul Hadaway bought 31,490 shares at a price of 108.48 pence per share on Tuesday.
The company also said Hadaway acquired 62,510 shares at 106.5p each on Tuesday via a subscription.
Empiric Student Property on Friday last week said it had raised a total of GBP86.4 million from its placing and subscription offer of shares. The student accommodation property investor said it issued 81.2 million shares under the transactions.
The placing is the final tranche of the group's share issuance programme for the year, which has raised total gross proceeds of GBP312.0 million.
Following this transaction, Hadaway now holds 1.1 million shares, which represents a 0.28% stake in the firm.
The stock was up 0.7% at 109.25p Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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